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Senator Says Tax Swap Plan Would Hit Floridians in the Pocketbook

April 18th, 2008 by flanews

Senator Mike Haridopolos held a public hearing to talk about a plan approved by the Taxation and Budget Reform Commission. The tax swap plan would trade a 25 percent cut in property tax for penny sales tax increase. Haridopolos said the plan would actually raise the amount of tax Floridians pay, because a one cent sales tax increase wouldn�t raise enough money to fill the gap left by the property tax cut.

�The best way to describe this plan is it�s unstable, it�s uncertain, and it does not bring jobs into this economy. And without question it overtaxes what I think are already over-taxed Floridians under the guise of a property tax cut, which we�re all for. But you�re taxing them through the back door,� said Haridopolos.

The Taxation and Budget Reform Commissions will have a chance to revote on the issue. If no one changes their original vote the plan will be put on the November ballot.

Posted in Amendments, State Budget, State News, Taxes | No Comments »

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